A large pay disparity exists between female and male employees at the city of Los Angeles' two largest pension plans, according to a recent report by city Controller Ron Galperin.
Among all employers citywide, women earned 76% of the earnings of their male co-workers, with average gross annual pay of $90,058, compared to an average of $118,454 for men. The difference is less stark when comparing average hourly wages, with men earning $47 while women earned $44.
Men at both of Los Angeles' pension plans earn more than the citywide averages while women earn less. At the $25 billion Los Angeles Fire & Police Pensions, men make an average hourly rate of $54 compared to women who make an average of $43. Both genders make less at the $19 billion Los Angeles City Employees' Retirement System, with men receiving an average hourly wage of $51 compared to women who earn $42 an hour.
Unlike in the city, where women are underrepresented at just 28% of the workforce, the majority of the workers at both city pension plans are female. Some 59% of LAFPP's employees are women, while 69% of LACERS' staff are female.
"While overall I have more females in the department than males, I also have more long-tenured males in the upper ranks of management (assistant general managers and the CIO)," said Ray Ciranna, LAFPP general manager in an email. "The (fund's) investment group is more balanced these days and will continue to change in the coming years."
LACERS officials, meanwhile, declined comment.
